Play Long-term Games With Long-term People

Naval

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6:02

March 19, 2019, 7:29 a.m.

Pick an industry where you can play long-term games with long-term people. All returns in life come from compound interest over many turns of the game.

Play long-term games with long-term people 0:00

When you switch industries, you're starting over from scratch 2:21

Long-term players make each other rich 4:02

Returns come from compound interest in iterated games 4:49

Transcript: http://nav.al/long-term